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Microsoft on Tuesday stopped providing free support and security updates for Windows XP. The long-planned expiration of the popular operating systems has sent millions of users scrambling to upgrade their computer systems. Read full article &#62;&#62;

NEW YORK (Reuters) - A debt settlement company and its operator on Tuesday pleaded guilty in New York to conspiracy charges of mail and wire fraud, capping the first criminal case referred to U.S. prosecutors by the Consumer Financial Protection Bureau.

WASHINGTON (Reuters) - The eight biggest U.S. banks must raise a total of about $68 billion in capital by 2018 to comply with a new rule designed to prevent another financial crisis, prompting industry complaints that international standards are less restrictive and give their global competitors an advantage.

NEW YORK (Reuters) - Allstate Corp and Bank of America Corp's Countrywide unit have agreed to dismiss a lawsuit stemming from $700 million of toxic mortgage debt, according to a court filing on Tuesday.

PHILADELPHIA (Reuters) - A top U.S. central banker on Tuesday criticized the complexity of a nearly four-year-old financial-reform law, urging simpler and more transparent laws for Wall Street that would rely more on the free market to discipline banks and other firms.

ROCHESTER, Minnesota (Reuters) - The Federal Reserve should do more to boost both inflation and jobs, a top Fed official said on Tuesday, including possibly pushing its main interest rate even lower or cutting the rate it pays banks on excess reserves kept at the U.S. central bank.

When I watched the documentary &#8220;A Matter of Place&#8221; produced by the Fair Housing Justice Center, I was reminded of why our work to end housing discrimination is as relevant today as it was when the Fair Housing Act was passed in 1968. Despite the perception of many, this powerful short film shows us that [&#8230;]

WASHINGTON (MarketWatch) -- In a speech on bank regulation and supervision, Philadelphia Fed President Charles Plosser said he favored publicly releasing more details about a firm's situation. "Revealing more information about individual firms will reduce the likelihood of contagion and runs, as such events generally arise from a lack of information, rather than too much information, about the riskiness of an individual firm," he said. Plosser also suggested that the Fed want to require firms to issue subordinated debt, so that supervisors could monitor a bank's subordinated debt spreads for indications of emerging risk. Plosser spoke of the need for simple rules, arguing that regulatory arbitrage may have pushed banks into taking actions that led to the financial crisis.

NEW YORK (MarketWatch) -- The Treasury Department sold $30 billion in 3-year notes Tuesday at a yield of 0.895%. Bidders offered to buy 3.36 times the amount of debt sold, compared to an average of 3.33 times at the last six sales. Indirect bidders, a group that includes foreign central banks, bought 27.3%, versus 34.3% in recent sales. Direct bidders, which include domestic money managers, purchased another 24.0%, versus an average of 17.7%. The broader bond market held onto slight gains after the auction. Yields on 10-year notes , which move inversely to prices, fell a basis point on the day to 2.686%.

This Thursday, facing immediate eviction, long-time homeowners Jaime and Juana Coronel will ask Fannie Mae CEO Timothy Mayopoulos one more time why the company would rather evict the family than work with them to repurchase their modest home (at current value) in Azusa, a blue-collar suburb of Los Angeles. Accompanied by a broad group of supporters, Jaime and Juana will announce that they have allegedly pre-qualified with a lender for a mortgage to purchase their home at 18417 East Ghent Street. They demand to know why Fannie Mae would put them out in order to sell it to someone else at the same price. Jaime and Juana will describe what has become a frequent nightmare for homeowners with loans backed by Fannie Mae. The press event will begin at 1:30 pm. For more information, contact ACCE organizer Peter Kuhns at (213) 272-1141. Jaime, who recently suffered a stroke, will also announce that he and his family are determined to fight until the very end to save their home -- and supporters will begin setting up tents in their front lawn. The Coronel family is part of the Alliance of Californians for Community Empowerment (ACCE), an activist group that has an impressive track record of successfully challenging Fannie Mae and big banks when they seek to evict working-class homeowners. They are part of a growing national movement to challenge Wall Street and the financial industry, whose predatory practices resulted in millions of Americans losing their homes and millions more still "underwater" with homes worth less than their mortgages. The Coronels worked their entire lives, in landscaping and factory work, to afford the home where they raised their four kids. In 2010, after Jaime's hours were cut at work, Fannie Mae foreclosed on them even though they allegedly had the income to qualify for a loan modification. Since the foreclosure, Jaime and Juana have paid the equivalent of a modified mortgage payment in rent to Fannie Mae in order to continue living in...

Beer delivery drones and tacocopters: For businesses, it's a future that can't come soon enough. The only thing holding them back? An old Federal Aviation Administration ban on the use of commercial drones in U.S. airspace. Read full article &#62;&#62;

Brown Says Fannie Mae Revamp Won&#39;t Become Law This Year Bloomberg Senator Sherrod Brown said a comprehensive revamp of the U.S. housing finance system won&#39;t become law this year and called for simpler changes to Fannie Mae and Freddie Mac. Brown, an Ohio Democrat and a member of the Senate Banking Committee&nbsp;...

The real estate market is always a jumble of facts, stats and rumors. Each year seems to produce a fresh and fertile crop of worries and troubles, so I&#8217;d like to take a look at today&#8217;s pressing issues to see what&#8217;s real and what&#8217;s not. And get ready because there is one worry which is [&#8230;] The post Real Estate: Can Falling Pay Support Rising Home Values? appeared first on OurBroker .

After 12 long years, today is D-Day for Microsoft's Windows XP operating system. Starting today, free support and updates for the software will stop. But who is still using an operating system released over a decade ago? Read full article &#62;&#62;

Margin Call Plan on Mortgage Bonds Draws Protest: Credit Markets Bloomberg After taxpayers rescued American International Group Inc. in 2008 when it couldn&#39;t make... Read More. After taxpayers rescued American International Group Inc. in 2008 when it couldn&#39;t make good on soured trades guaranteeing subprime mortgage debt,&nbsp;...

Buyers should prepare themselves: These markets are shaping up to be even more competitive than they were in 2013. Read&#160;More The post What Slowdown? Eight Housing Markets That Are Speeding Up appeared first on Redfin Real Estate Blog .

If you&#8217;re wondering why the impact of the foreclosure crisis lingers on you might want to consider what&#8217;s happening on Capitol Hill. In 2007, in a fit of common sense, Congress passed the Mortgage Forgiveness Debt Relief Act. This was an important piece of legislation because it corrected an obvious wrong. Let me explain: Traditionally, [&#8230;] The post Mortgage Forgiveness Debt Relief Stuck On Capitol Hill appeared first on OurBroker .

Treasuries Snap Three-Day Gain Before $64 Billion of Debt Sales Bloomberg Treasuries snapped a three-day gain, with 10-year yields rising from near the lowest in a week, before the U.S. auctions $64 billion of coupon-bearing securities over three days starting today. The Federal Reserve is scheduled to publish the minutes of its&nbsp;...

MILWAUKEE, April 8, 2014 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today issued an Operational Summary of its insurance subsidiaries for the month of March 2014 for their primary mortgage insurance. The summary is also available on the company's website at http://mtg.mgic.com, under Investor Information, Press Releases. The information concerning new notices and cures is compiled from reports received from loan servicers. The level of new notice and cure activity reported in a particular month can be influenced by, among other things, the date on which a servicer generates its report, the number of business days in a month, and by transfers of servicing between loan servic...

Housing Bill Threatened by Rift on Help for Disadvantaged Bloomberg Efforts to overhaul the U.S. housing-finance system could hinge on how far Congress is willing to go to ensure that young, low-income and minority homebuyers can get mortgages. A bipartisan bill drafted by Senate Banking Committee leaders Tim Johnson&nbsp;...

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